2012-Oct: Operational Excellence by Design eNewsletter

Featured Articles:The Operational Excellence Manifesto; Lean Finance: Breaking down a P&L Statement and its Components; 5 Olympic Lessons You May Have Missed

XONITEK eNewsletter

October 2012

Operational Excellenceby Design

– A cross-disciplinary approach in the pursuit of perfection.

CHAIRMAN’S PERSPECTIVES

The Operational Excellence Manifesto

By Joseph Paris; Chairman, XONITEK Group of Companies

Definition:“Operational Excellence is when the efforts throughout the organization are in a state of alignment for achieving its strategies and where the corporate culture is committed to the continuous and deliberate improvement of company performance AND the circumstances of those who work there – to pursue ‘Operational Excellence by Design’ and not by coincidence.”– Joseph F Paris Jr

Over the past few years, I have increasingly seen a great many organizations (companies and academia) and professionals (practitioners and consultants) attempt to hijack “Operational Excellence” in an attempt to “rebrand” the disciplines of “Lean Six-Sigma” or “Continuous Improvement”. Admittedly, some do try to build a differentiator by integrating some level of “Leadership”or “Culture Change” or other “soft skills” into their program.

But this is wholly inadequate and merely a subset of what Operational Excellence is all about and how it was initially conceived some several years ago.

XONITEK Launches New Website!

XONITEK recently launched its new website with a fresh look, advanced content management capabilities and highly progressive style. In keeping with Continuous Improvement, the new site highlights XONITEK’s capabilities as a boutique consulting firm dedicated to helping companies pursuing Operational Excellence.

Be sure to check-out the new features we’ve added, such as: Blog with Cloud Tags, full Calendar of Events, Galleries and much more! But please be patient with us as some of these features are still a work in progress. We welcome any comments or suggestions you might have – just Email them to the Webmaster

Lean Finance: Breaking down a P&L Statement and its Components

By Lütfi Apilioğulları

Nowadays, when we examine financial reports for small or medium sized enterprises (SME), we see that interpretations are being made based only on sales revenues and certain expenses. Since many vital decisions effecting the future of a company are determined by considering only these charts, many decisions are based on incorrect information.

First and foremost; value drivers, which are of vital importance, must be analyzed. Revenue, expenses, margin, inventory and cash are all components which should be defined and followed in a strict and concise manner.

5 Olympic Lessons You May Have Missed

By Vivian Hairston Blade

The 2012 Olympics lived up to its expectations. We watched the world’s greatest athletes break records and bring home the gold. In all the excitement, what did you learn from these world-class athletes that can help you achieve your goals?

Let the excitement of Olympic success motivate you to live your dreams and help you take steps toward greatness. Read on for 5 lessons learned you may have missed.

The Lighter-Side…

(click on picture to enlarge)

Contact the Editor

You are getting this eNewsletter because; you subscribed, are a member of one of the internet communities managed by XONITEK, or met someone from XONITEK. Please feel free to contact me if you have any questions or comments related to this publication – or if you might be interested in submitting an article for consideration in the eNewsletter.